Featured News
DNV Sees North Sea Offshore Wind LCoE Falling Up to 28% by 2050
DNV says turbine standardisation, longer production runs and predictable project pipelines could reduce North Sea offshore wind LCoE by up to 28% by 2050.
U.S. Strikes Five Iran-Linked Tankers After Attempted Missile Strike
U.S. forces struck five Iran-linked tankers after a second attempted Iranian missile strike against a U.S. Navy vessel, while Iran warned tanker crews near Kuwait and Bahrain.
McDermott Wins $500 Million-$750 Million Eni Cronos Subsea Contract
McDermott has secured a $500 million-$750 million subsea contract from Eni for the Cronos gas development offshore Cyprus, covering project management, engineering, procurement and installation support.
QatarEnergy LNG Carrier Al Marrouna Crosses Strait of Hormuz
QatarEnergy-controlled LNG carrier Al Marrouna has crossed the Strait of Hormuz, marking the first visible exit of Qatari LNG through the waterway since July.
Dajin Heavy Industry Expands Heavy Transport Fleet With KING and EMPEROR Vessels
Dajin Heavy Industry is expanding its KING and EMPEROR heavy transport fleet while holding 24 commercial ship orders valued at approximately RMB 12 billion.
Hanwha Ocean Faces $1 Billion Arctic LNG 2 Arbitration Claim
Hanwha Ocean faces a $1 billion arbitration claim from Arctic LNG 2 over alleged Step In Agreements breaches linked to terminated shipbuilding contracts.
Panama Canal Delays Neopanamax Draft Cut as Gatun Lake Holds
The Panama Canal Authority has delayed a planned Neopanamax draft reduction, keeping the 14.63 m limit as it monitors Gatun Lake levels and expected El Niño-related drought conditions.
Japan Approves ¥213.1bn for Imabari, JMU and Namura Shipyard Expansion
Japan has approved up to ¥213.1bn for shipyard projects led by Imabari Shipbuilding, Japan Marine United and Namura Shipbuilding as it moves to expand domestic construction capacity.
Hanwha Ocean Pursues Namibia Venus FPSO as FID Faces Delay
Hanwha Ocean is competing with SBM Offshore for the Venus FPSO in Namibia, while a possible delay in TotalEnergies’ final investment decision could push back the contract award.
